Bitcoin treasuries expand: MetaPlanet secures $130M loan, Hyperscale Data holds $70.5M
MetaPlanet secured a $130 million loan backed by its bitcoin holdings. The funds will be used to buy more bitcoin, expand income-generating programs, and possibly repurchase shares.
To secure the loan, MetaPlanet used a previously disclosed credit facility that allows bitcoin as collateral. It currently ranks as the fourth-largest bitcoin treasury, holding 30,823 BTC and maintaining a buffer under its conservative collateral policy.
Proceeds are earmarked for three uses: buying additional bitcoin, expanding a program that sells bitcoin options, and repurchasing shares depending on market conditions. Management expects minimal impact on fiscal 2025 results and will update investors if that changes.
Separately, Hyperscale Data, an AI data center company listed on NYSE American under the ticker GPUS, reported a bitcoin treasury of about $70.5 million as of November 23, 2025, including current holdings and cash set aside for purchases.
Its subsidiary Sentinum held roughly 383 BTC – 53 mined and 330 purchased on the open market, including 45 BTC bought in the week ending November 23. At the November 23 closing price of $86,805, these holdings were worth about $33.25 million, with an additional $37.25 million allocated for further purchases.
Hyperscale Data plans to grow its reserve using a dollar-cost averaging approach, buying bitcoin in regular intervals to limit short-term price swings. Weekly reports on bitcoin holdings are scheduled for Tuesdays as the company works toward a $100 million digital asset treasury. “We are committed to our $100 million bitcoin treasury strategy,” said Milton “Todd” Ault III, executive chairman. “Dollar-cost averaging lets us buy bitcoin at the best prices.”
Meanwhile, U.S.-listed spot Bitcoin ETFs were on track for their worst month of outflows since launch, with nearly $3.5 billion withdrawn. BlackRock’s IBIT led the redemptions. One-day turnover reached about $11.5 billion on Friday, with IBIT accounting for $8 billion and $122 million in outflows. These withdrawals helped push prices further down. Bitcoin fell below the ETFs’ flow-weighted entry level, extending a decline of more than 30% from early October highs, following strong corporate and ETF demand in Q3 2025.
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